The number $75,000 is really important now. It is like a wall that $BTC has to get past.
Bitcoin has been going up and down between $73,900 and $75,000 for the day. We did get to $76,000 for a bit but it is hard to stay at that level. The people who make the market are changing things around. There is not a lot of money at the top. If we do not get past $75,000 with a lot of people buying soon it might look like Bitcoin is going up. Then it will actually go down. This will be frustrating for people who bought Bitcoin late.
Here are some important things to know:
* The problem is that $75,000 is a hurdle for Bitcoin.
* If Bitcoin goes down $73,000 is the price that will help it from going down much. If it goes below $73,000 it could go down to $68,000 quickly.
* Something big happened with Bitcoin funds. A lot of money $291M was taken out of them. This is the most that has happened since March. This means that big investors are taking their money out.
I think that, for now it is better to be careful. I want to see Bitcoin stay above $75,500 for a day before I think it will keep going up.
Are you going to keep holding onto your Bitcoin even if it goes up and down or are you going to sell it at $75,000? Let me know by saying "HODL" or "EXIT"